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Rent Tracker
The average asking rent in Provo, UT is $1,743/month as of 2026-03. That is +2.2% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) · zillow.com/research
Current Avg Rent
$1,743/mo
as of 2026-03
Year-over-Year Change
+2.2%
Monthly ZORI index values for Provo, UT.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-03 | $1,743 | +0.75% |
| 2026-02 | $1,730 | +0.76% |
| 2026-01 | $1,717 | -0.29% |
| 2025-12 | $1,722 | -0.58% |
| 2025-11 | $1,732 | -0.40% |
| 2025-10 | $1,739 | -0.29% |
| 2025-09 | $1,744 | -0.06% |
| 2025-08 | $1,745 | -0.06% |
| 2025-07 | $1,746 | +0.63% |
| 2025-06 | $1,735 | +0.41% |
| 2025-05 | $1,728 | +0.58% |
| 2025-04 | $1,718 | +0.70% |
| 2025-03 | $1,706 | +0.95% |
| 2025-02 | $1,690 | +0.36% |
| 2025-01 | $1,684 | -0.24% |
| 2024-12 | $1,688 | -0.53% |
| 2024-11 | $1,697 | -0.64% |
| 2024-10 | $1,708 | -0.52% |
| 2024-09 | $1,717 | -0.64% |
| 2024-08 | $1,728 | +0.29% |
| 2024-07 | $1,723 | +0.29% |
| 2024-06 | $1,718 | +0.76% |
| 2024-05 | $1,705 | +0.53% |
| 2024-04 | $1,696 | — |
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Data: Zillow Research ZORI · Updated monthly · Price Inflation Report